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A GSH Corporation-led consortium on Monday (9 March) announced its plans to sell more than 100 strata office units at the 28-storey GSH Plaza starting from the end of the month.
The office units will be offered at an average price of S$2,850 to S$3,500 per sq ft, depending on the floor where they are located. Unit sizes range from 480 to 1,700 sq ft.
Located within the CBD, GSH Plaza comprises a total of 259 strata office units. It also comes with two levels of retail space with 8 shops and 13 F&B outlets.
Formerly known as Equity Plaza, the Grade-A property is situated at the intersection of Church Street and Cecil Street.
“This is a significant milestone for GSH as we launch our very first real estate project shortly after the Group’s transformation into a property development and hospitality company,” said Sam Goi, Executive Chairman of GSH and TYJ Group.
“We have renamed it GSH Plaza because we plan to move GSH’s corporate headquarters, from our current location at 11 Changi North Way, to GSH Plaza after its extensive refurbishment is completed,” he added.
It is noted that GSH Corp’s subsidiary GSH Properties owns the majority stake in Plaza Ventures, the entity that owns GSH Plaza. Its other owners are Vibrant DB2 and Goi’s investment vehicle TYJ Group.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg.
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